Paterson Education Foundation Inc
- Assets
- $172.6k
- Revenue
- $958.2k
- Investments
- $10.0k
- Employees
- 42
- Location
- Paterson, NJ
- Founding
- 04/1986
- Data as of
- 06/2022
- EIN
- 22-2464316
Organization Overview
Paterson Education Foundation Inc, operating under the name Paterson Education Fund, is located in Paterson, NJ. The organization was established in 1986. According to its NTEE Classification (B01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Education and related organizations. As of 06/2022, Paterson Education Fund employed 42 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Paterson Education Fund is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Paterson Education Fund generated $958.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $931.3k during the year ending 06/2022. While expenses have increased by 10.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PATERSON EDUCATION FOUNDATION IS INVOLVED IN VARIOUS PROGRAMS TO IMPROVE EDUCATION IN THE PATERSON PUBLIC SCHOOL SYSTEM
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE NITA M. LOWEY 21ST CENTURY COMMUNITY LEARNING CENTERS (21ST CCLC): PEF'S OPERATES 21ST CENTURY COMMUNITY LEARNING CENTERS IN TWO SCHOOLS, PROVIDING AFTERSCHOOL AND SUMMER TUTORING, ACADEMIC ENRICHMENT, CULTURAL, ARTISTIC, AND SOCIAL AND EMOTIONAL WELLBEING OPPORTUNITIES. THE PROGRAMS ARE STEAM BASED AND USE INQUIRY-BASED LEARNING TO FULLY ENGAGE STUDENTS IN THEIR OWN GROWTH AND DEVELOPMENT. THE PROGRAM BEGAN IN OCTOBER 2020 AND SERVES 151 STUDENTS IN GRADES 3 THROUGH 8. PROGRAMS SUPPORT: ACADEMIC ENRICHMENT ACTIVITIES THAT CAN HELP STUDENTS MEET STATE AND LOCAL ACHIEVEMENT STANDARDS. A BROAD ARRAY OF ADDITIONAL ENRICHMENT SERVICES DESIGNED TO REINFORCE AND COMPLEMENT THE REGULAR ACADEMIC PROGRAM, SUCH AS: DRUG AND VIOLENCE PREVENTION PROGRAMS, CAREER AND TECHNICAL PROGRAMS, COUNSELING PROGRAMS, ART, MUSIC PROGRAMS, STEM PROGRAMS, AND PHYSICAL ACTIVITY AND NUTRITION EDUCATION PROGRAMS. LITERACY AND RELATED EDUCATIONAL DEVELOPMENT SERVICES TO THE FAMILIES OF CHILDREN WHO ARE SERVED IN THE PROGRAM.
GRADUATING EVERY PATERSON CHILD-THE VISION OF THIS PROGRAM IS THAT PATERSON SCHOOLS WILL GRADUATE 90% OF PATERSON STUDENTS ABLE TO PARTICIPATE IN POST SECONDARY EDUCATION WITHOUT REMEDIATION. THIS INITIATIVE INCLUDES STRATEGIES FOR IMPROVING STUDENT OUTCOMES FROM BIRTH THROUGH HIGH SCHOOL GRADUATION.
THE RIVER STORY PROJECT BROUGHT TOGETHER PATERSON PUBLIC SCHOOL TEACHERS IN GRADES ONE THROUGH THREE TO DEVELOP INTER-DISCIPLINARY, PLACE-BASED LESSONS ALIGNED TO THE PPS CURRICULUN AND NJSLS STANDARDS. GUIDED BY THE GFTC LEADERSHIP TEAM, TEACHERS GATHERED ON SATURDAY MORNINGS WITH MEMBERS OF THEIR SCHOOL'S INTERDISCIPLINARY TEAMS TO LEARN MORE ABOUT PATERSON'S RICH HISTORY, UNIQUE ENVIRONMENT, AND SPECIAL PLACES. TEACHERS TOOK THEIR LEARNING BACK TO THEIR CLASSROOMS AND TOOK THEIR STUDENTS ON FIELD LEARNING EXPEDITIONS WITH THE SUPPORT OF GRTC TEAM AND NEW JERSEY AUDOBON. THIS PROGRAM WAS GENEROUSLY SUPPORTED BY THE MARILYN AND HENRY TAUB FOUNDATION. PEF HAS REPLICATED THE PROGRAM THROUGH A PILOT IN NEW BRUNSWICK PUBLIC SCHOOLS. THE NEW BRUNSWICK PILOT IS FUNDED BY JOHNSON AND JOHNSON FOUNDATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michelle Abel Chair | OfficerTrustee | 10 | $0 |
Arthur Scialla Jr Treasurer | OfficerTrustee | 10 | $0 |
Karen Brown ESQ Secretary | OfficerTrustee | 10 | $0 |
Orlando Cruz Board Member | Trustee | 10 | $0 |
Alveria Spencer Board Member | Trustee | 10 | $0 |
Errol Kerr Board Member | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $3,500 |
| Related organizations | $0 |
| Government grants | $535,797 |
| All other contributions, gifts, grants, and similar amounts not included above | $417,728 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $957,025 |
| Total Program Service Revenue | $0 |
| Investment income | $257 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $959 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $958,241 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $87,365 |
| Compensation of current officers, directors, key employees. | $6,378 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $481,699 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $36,102 |
| Payroll taxes | $50,399 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $106,265 |
| Advertising and promotion | $7,304 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,583 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,083 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,984 |
| All other expenses | $10,176 |
| Total functional expenses | $931,280 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $101,732 |
| Pledges and grants receivable | $60,784 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $10,045 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $172,561 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $125,016 |
| Net assets with donor restrictions | $47,545 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $172,561 |